SENATE AMENDMENT

    Bill No. CS for SB 984

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator McKay moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 3, between lines 5 and 6,

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16  insert:

17         Section 4.  Subsection (3) of section 193.114, Florida

18  Statutes, is amended to read:

19         193.114  Preparation of assessment rolls--

20         (3)  The department shall promulgate regulations and

21  forms for the preparation of the tangible personal property

22  roll to reflect:

23         (a)  A code reference to the tax returns showing the

24  property.

25         (b)  The just value (using the factors set out in s.

26  193.011) of all such property subject to taxation; however,

27  any sales tax paid on the purchase of tangible personal

28  property shall not be considered in arriving at just value.

29         (c)  When property is wholly or partially exempt, a

30  categorization of such exemption.

31         (d)  The owner or fiduciary responsible for payment of

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 984

    Amendment No.    





 1  taxes on the property, his or her address, and an indication

 2  of any fiduciary capacity (such as executor, administrator,

 3  trustee, etc.) as appropriate.

 4         (e)  The millages levied on the property.

 5         (f)  The tax, determined by multiplying the millages by

 6  the taxable value.

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 8  (Redesignate subsequent sections.)

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11  ================ T I T L E   A M E N D M E N T ===============

12  And the title is amended as follows:

13         On page 1, line 14, after the semicolon

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15  insert:

16         amending s. 193.114, F.S., providing that sales

17         tax paid on the purchase of tangible personal

18         property shall not be considered in arriving at

19         just value;

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    7:46 AM   04/27/98                              s0984c1c-26b02